555A TOWN OF TAOS
OR. DINANCES
YEAR:
N 5!5 5
r �
6 5, 2 2 7.50
75, 262 .5
90131500
2 3 '), 8 01 5 0 n o
1
1 0, 0 3 5' 00
220, 77000
s
65, 2. 27 .50
75, 262 .5
9 31500
2 3 5 .� 10 o
3 5 0 � -
2 77000
STATEMENT
SI"„ BTAft VCo. BRANCH OFFICE
OMAHA • CHICAGO • DENVER
Members'Midwest Stock Exchange ALBUQUERQUE • DALLAS
A 34494
1009-16 BALTIMORE AVENUE KANSAS CITY, MO. 64169
GRAND 1.6460 Salesman 40
DATE August 12, 1969
SETTLEMENT DATE __ X
September 19, 1969
® As Principal, we confirm SALE to you.
❑ *As your Agent, we have BOUGHT FOR you account
Town of Taos and risk
P. 0. Box 133 ❑ As Agent for Another, we have SOLD TO you.
Taos,, Nev Mexico 87571 ❑ As Agent for Another, we have SOLD THROUGH you.
L ❑ *In this transaction we are acting as Agents for both
Buyer and Seller.
QUANTITY SECURITY MATURITY PRICE AMOUNT
$100000 TAGS, NEW MERICO
Sales flax Revenue Bonds 7% 9-1-71 100 10,000.00
Plus Accrued Interest from 9/1 to 9/19 35.00
10,035.00
WHEN ISSUED
DUFOLICATE
*WHEN ACTING AS YOUR AGENT.WE WILL FURNISH YOU UPON REQUEST THE NAME OF THE PURCHASER OF THE ABOVE SECURITIES
AND THE TIME OF THE TRANSACTION.
FORM 1oa—eM—e•6e
BRANCH OFFICES 8}�tg Bros 6 Co. STATEMENT
CHICAGO
OMAHA Members Midwest Stock Exchange i
DENVER 1009-15 BALTIMORK AVENUE i
ALBUQUERQUE KANSAS CITY. Mo. 64199
DALLAS 616-471-6460
August 12, 1.969
Settlement date: September 19, 1969 SALESMAN 40 {
® As Ptlneipal,we confirm PURCHASE from you. }
*As your Agent, we have SOLD FOR your account
F— and risk.
As Agent for Another, we have BOUGHT FROM you.
Tm Of Taos, New Mexico As Agent for Another, we have BOUGHT THROUGH you.
I p' 0- Box 133 *In this transaction we are acting as Agents.tor both
L Tsom, New Mexico 87571 J Buyer and Seller.
QUANTITY SECURITY MATURITY I PRICE 1 AMOUNT
$90,000 TAv3, MW MaC0
I
Sales Tax Revenue Bands T%
5,000 • 9/1/75 100 15,000.00
! 5,000 • 9/06 100 15,000.00
I
MCI) • 9/1/77 100 20,000.00
t0000 • 9/1/78 100 20,000.00
.'000 • 9/09 100 20,000.00
_ tart isstl$n
COMMISSION ( TAX I SHPG. CHG.
90,000.00
PLUS ACCRUED INTEREST FROM 9/1 tO 9/19 315.00
AMOUNT DUE YOU 90,315.00
AWE WILL FURNISH YOU UPON REQUEST THE NAME OF THE PURCHASER OF THE ABOVE SECURITIES AND THE TIME OF THE TRANSACTION
FORM 3r,-3M-4.69
BRANCH OFFICES
CHICAGO
81e�n bwftt6Co. STATEMENT
OMAHA Members Midwest Stock Exchange
DENVER 1009.18 BALTIMORE AVENUE
ALBUQUERQUE KANSAS CITY. Mo. 84199
DALLAS BIG—471.6460
kW-" 12, 1969
Settlement date; September 19, 1969 SALESMAN 40
I
Led As Principal,we confirm PURCHASE from you.
E] *As your AL eat,we have SOLD FOR your account
Fand risk. �
I As Agent for Another, we have BOUGHT FROM you.
Town of Taos, New Mexico
P. 0. Box 133 As Agent for Another, we have BOUGHT THROUGH you.
Thos, New Mexico *In this transaction we are acting as Agents for both
L Buyer and Seller.
QUANTITY SECURITY MATURITY PRICE AMOUNT
$75,000 THOS.$ NSW XWCO ' I
j
BLISS Tax Revleme Bonds 7%
I
5,000 - 9/1/80 100 25,000.00
i ,000 - 9/1 81 100 25,000.00
50000 - 9 /82 100 25,000.00
WHEN ISSUSD
yCOMMISSION I TAX I SHPG. CHG.
75,000.00
PLUS ACCRUED INTEREST FROM 9/1 tO 9/19 262.50
AMOUNT DUE YOU 75,262.30
*WE WILL FURNISH YOU UPON REQUEST THE NAME OF THE PURCHASER OF THE ABOVE SECURITIES AND THE TIME OF THE TRANSACTION
FORM 3E-3M-"P
BRANCH OFFICES Stem Brofts ts Co. STATEMENT
CHICAGO
OMAHA Members Midwest Stock Exchange i
DENVER 1009.18 BALTIMORE AVENUE
ALBUQUERQUE KANSAS CITY, Mo. 64199
DALLAS 816-471-6460
August 12p 1909
Settlement date: September 19, 1969 SALESMAN 110
® As Principal,we confirm PURCHASE from you. {
*As your Agent,we have SOLD FOR your account
Fand risk.
T ' Of Taos � �� As Agent for Another, we have BOUGHT FROM you.
1
P- 0. Du 133 F-1 As Agent for Another, we have BOUGHT THROUGH you. ;
R�Cd:
Now I1C0 87571 *In this transaction we are acting as Agents for both
L J ❑ Buyer and Seller.
QUANTITY SECURITY MATURITY PRICE I AMOUNT
I
$65,400 THOS p M1 )MCO
Sales TILc Revenue B=da 7%
$10,000 - 9/1/70 100 10,000.00
i
110.9000 - 9/1./71 100 10,000.00
5,400 - 9/1/72 100 15,000.00
5,444 - 9/1/73 100 15,000.00
50000 - nj n 9/1/7 100 15,000.00
_ WHEN ISSUED
COMMISSION I TAX I SHPG. CHG.
65,000.00
PLUS ACCRUED INTEREST FROM 9/1 to 9/19 227.50
AMOUNT DUE YOU 65,227.50
*WE WILL FURNISH YOU UPON REQUEST THE NAME OF THE PURCHASER OF THE ABOVE SECURITIES AND THE TIME OF THE TRANSACTION
FORM 3E-3M-4.69
DESCRIPTION ACCOUNT_ AMOUNT
� 3
C/L 203 . $16 48. 0, ��.
L,�' . I
161,000 Taos, New Mexico, Recreational &Facilities Revenue Bonds.
STERN BROTHERS d CO,--PLEASE DETACH BEFORE DEPOSITING CHECK
DESCRIPTION
'ACCOUNT AMOUNT
C/L 2030, 0 $2203,770-6010
Payment for 230,000 Taos, New Mexico Sales Tax Revenue Bonds,
". less10,000. Vs. due 9/1/71 repurchased by the City.
STERN BROTHERS Ei CO,—PLEASE.DETACH BEFORE DEPOSITING CHECK
7, 01 2 1 00
1 6, 0 4 Q
4, 02 � � ,�
7+ n21 '� i7
1 6, 0, 4 P
BRANCH OFFICES �}�.-g R�.11r�s S TAT S M E N T
CHICAGO see u V ��1� Co.W
OMAHA Member's Midwest Stock Exchange
DENVER 1009-18 BALTIMORE AVENUE
ALBUQUERQUE KANSAS CITY, MO. 64199
DALLAS 816-471-6460
August 12, 1969 SALESMAN 40
Settlement date: September 19,69
As Principal,we confirm PURCHASE from you.
f
1
E] *As your Agent,we have SOLD FOR your account i
and risk.
Town OF Taos As Agent for Another, we have BOUGHT FROM you.
P. 0. Box 133 As Agent for Another, we have BOUGHT THROUGH you. j
Taos, New Mexico 87571
I El *In this transaction wo are acting as Agents for both
--J Buyer and Seller. 1
QUANTITY SECURITY MATURITY PRICE AMOUNT j
$90000 TAOS, NU MEXICO
Recreational Facilities Revenue
I Bonds (Additionally secured by
Cigarette Tax Receipts) 6%
1
$3,000 +
9-1-73 100 3,000.00
$3.000 9-1-74 100 3,000.00
$3,000 9-1-75 100 3,000.00
—_
WHEN ISSUED
_COMMISSION I TAX I SHPG. CHG.
9,000.00
PLUS ACCRUED INTEREST FROM 9/1 tO 9/19 _- 27.00 -
AMOUNT DUE YOU 9,027.00
*WE WILL FURNISH YOU UPON REQUEST THE NAME OF THE PURCHASER OF THE ABOVE SECURITIES AND THE TIME OF THE TRANSACTION
FORM 3E-3M-"9
i
BRANCH OFFICFS Sg„ B s & Co STATEMENT
CHICAGO
OMAHA Members Midwest Stock Exchange {
DENVER 1009.15 BALTIMORE AVENUE �
ALBUQUERQUE KANSAS CITY. Mo. 64199
DALLAS 616-471-6460
August 12, 1969 SALESMAII 40
Settlement date: September 19, 1969
® As Principal,we confirm PURCHASE from you.
*As your Agent,we have SOLD FOR your account
and risk.
As Agent for Another, we have BOUGHT FROM you.
Town of Taos, New Mexico
P. 0. Box 133 As Agent for Another, we have BOUGHT THROUGH you.
Taoe, New Mexico 87571 *In this transaction we are acting as Agents for both
L J Buyer and Seller.
QUANTITY SECURITY MATURITY _ PRICE AMOUNT
$7,000 TAOS, NEW MEXICO
Recreational Facilities Revenue
Bonds (Additionally secured by
Cigarette Tax Receipts) 6%
$29000 9.1-70 100 2,000.00
1 $2,000 9-1-71 100 23000.00
$3,000 Q 9-1-72 100 3,000.00
WHEN ISSUED
COMMISSION I TAX I SHPG. CHG. ,.
7,000.00
PLUS ACCRUED INTEREST FROM 9/1 t0 919 21.00
AMOUNT DUE YOU 7,021.00
*WE WILL FURNISH YOU UPON REQUEST THE NAME OF THE PURCHASER OF THE ABOVE SECURITIES AND THE TIME OF THE TRANSACTION
FORM 3E-3M-489
t
the TOWN OF TAOS, ON SEPT. 1, the TOWN OF TAOS, ON MAR. 1,
in llie County of Taos and Stale of New Mexico, will pay to the bearer In In the County of Taos and Slate of New Mexico, will pay to the bearer In 1977
lawful money of the United Slates of America, at the office of the Treasurer 1977 lawful money of the United States of America, at the office of the Treasurer
of the Town of Taos, New Mexico, the amount herein designated sole)y from of the Town of Taos, New Mexico, the amount herein designated solely from
and secured by a pledge of a designated special fund, such amount being the $179,00 and secured by a pledge or a designated special fund, such amount being the $175.00
interest then due on Its g interest then due on Its
"TOWN OFf 0 SALSS'TA)(0VANId BOIN i '1N "TOWN OF TAADS IJiRtE T�('REVEMU gnD.tr�
SERIES SEPTEMBl,Y1969",�tlnd'bearing BP�BNO. 1 SERIES SEPTEMBER 169',
Municipal Treasurer No' 16 Municipal Treasurer No. 15
the TOWN OF TAOS, ON SEPT. 1, the TOWN OF TAOS, ON MAR. 1,
in the County of Taos and State of New Mexico, will pay to the bearer In in the County of Taos and Stale of New Mexico, will pay to the bearer In 1976
lawful money of the United Stales of America, at the office of the Treasurer 1976 lawful money of the United Stales of America, at the office of the Treasurer
of the Town of Taos, New Mexico, the amount herein designated solely from of the Town of Taos, New Mexico, the amount herein designated solely from
and secured by a pledge of a designated special fund, such amount being the $175.00 and secured by a pledge of a designated special fund, such amount being the $175.00
interest then due on Its _ _ interest then due on Its
"TOWN OF1A0$SALa TAX RSV N0 f$N[f"~ T "TOWN OF TJ�OS`SALESTAX REVf;NUff O Diy-�
SERIES SEPTEMBkgj1;1969 y, pill bearirtg BBBp1,4, 0_r J 1 ',; SERIES SEPTEMBER 1,I�9E9',ipNid bearhrl, 0 pi Off,
Municipal Treasurer No. 14 Municipal Treasurer NO. 13
the TOWN OF TAOS, ON SEPT. 1, the TOWN OF TAOS, ON MAR. 1,
In the County of Taos and State of New Mexico, will pay to the bearer in In the County or Taos and State of New Mexico, will pay to the bearer in 1975
awful money of the United States of America, at the office of the Treasurer 1975 lawful money of the United Slates of America, at the office of the Treasurer
of the Town of Taos, New Mexico, the amount herein designated solely from of the Town of Taos, New Mexico, the amount herein designated solely from
and secured by a pledge of a designated special fund, such amount being the $175.00 and secured by a pledge of a designated special fund, such amount being the $175.00 1.interest then due on Its „ .. _ _,_ interest then due on Its
'TOWN OF r[AO�SAIES'TAX kU013�,M6NDi I, "TOWN OF OStSALE6`TA74'REVENUVBONOia ^+ '
SERIES SEPTEMBCR;1,!1969' ,and bearing BONC!NOS _ T '� SERIES SEPTEMBER-1, 1t9d9"J.nd bearing BOND NO,j' i
Municipal Treasurer No. 12 Municipal Treasurer No. 11
the TOWN OF TAOS, ON SEPT, 1, the TOWN OF TAOS, ON MAR. 1,
In the County of Taos and State of New Mexico, will pay to the bearer in In the County of Taos and Slate of New Mexico, will pay to the bearer it, 1914
lawful money of the United States of America, at the office of the Treasurer 1974 lawful money of the United States of America, at the ofte of the Treasurer
of tfie Town of Taos, New Mexico, the amount herein designated solely from of the Town of Taos, New Mexico, the amount herein designated solely from
and secured by a pledge of a designated special fund, such amount being the $175.00 and secured by a pledge of a designated special fund, such amount being the $175.00
interest then due on Its - ..- Interest then due on Its
,s T. .«
"TOWN OF`TAOS SALES TAX REVIEN IE'&ND;I + "TOWN Of TABS&�LE9,tAX`�26VENUg'8R1N0(
SERIES SEPTEMBER]1,.1969"y and bearing BO Q,NO.' SERIES SEPTEMBEP1, 1969";and pearir%BOi�D.lVO-�
Municipal Treasurer No. 10 Municipal Treasurer No. 9
the TOWN OF TAOS. ON SEPT. 1, the TOWN OF TAOS, ON MAR. 1,
in the County of Taos and Stale of New Mexico, will pay to the bearer In in the County of Taos and Stale of New Mexico, will pay to the bearer In 1973
lawful money of the United Slates of America, at the office of the Treasurer 1973 In money of the United Stales of America, at the office of the Treasurer
of the Town of Taos, New Mexico, the amount herein designated solely from of the Town of Taos, New Mexico, the amount herein designated solely from
and secured by a pledge of a designated special fund, such amount being the 175.00 and secured by a pledge of a designated special fund, such amount being the $175.00
interest then due on Its - - -r,,, interest then due on its _ ,_, _
"TOWN OF+A03 SALES�AX REV Nll BOND;1 '. "TOWN OF 1A09,S11 LES;_YAX RSVPNUi1 BONO', '
SEP.IES SEPTEMBEFi.l, 1969"�,apd 4earilg BONS NO. _: �, v SERIES SEPTEMBER 1,Y969"I and bearirtg BOlyD3N0:,
Municipal Treasurer No. 8 Municipal Treasurer No. 7
the TOWN OF TAOS, ON SEPT. 1, the TOWN OF TAOS, ON MAR. 1,
In the County of Taos and State of New Mexico, will pay to the bearer In In the County of Taos and Slate of New Mexico, will pay to the bearer In 1972
lawful money of the United States of America, at the office of the Treasurer 1972 lawful money of the United States of America, al the office of the Treasurer
of the Town of Taos, New Mexico, the amount herein 0-Ignated solely from of the Town of Taos, New Mexico, the amount herein designated solely from
and secured by a pledge of a designated special fund, cuch amou,;l being the $175.00 and secured by a pledge of a designated special fund, such amount being the 175.00
interest then due on its interest then due on Its _
"TOWN OF*AOS SALES fAX RSV NI E 0 NO,,' "TOWN OF TA}OS-SALE$ITA)� t2EV WUB BOND: '
SERIES SEPTEM8kR.1, 1969";and bearig BDNq Nq. l✓. SERIES SEPTEMBER,l, 969";,�rld bearirl�BONDNO.`
.. _ >e . ..
Municipal Treasurer No. 6 Municipal Treasurer No. 5
the TOWN OF TAOS, ON SEPT. 1, the TOWN OF TAOS, ON MAR. 1,
in the County of Taos and Stale of New Mexico, will pay to the bears In in the County of Taos and State of New Mexico, will pay to the bearer in 1971
lawful money of the United States of America, at the office of the Treasurer 1971 lawful money of the United States of America, at the office of the Treasurer
of the Town of Taos, New Mexico, the amount btWein designated solelyY from of the Town of Taos, New Mexico, the amount herein designated solely from
and secured by a pledge of a designated special fund, such amount be no the $175.00 and secured by a pledge of a designated special fund, such amount being the $175,00
Interest then due on Its .. r. Interest then due on Its ,
"TOWN OF TAOS SALES TA)CkVENUE�BgNd t j'�._ "TOWN OF 11{05 S LS T RSVENUE BOND,
SERIES SEPTEMB9RJ,1969',;,apd gearing RQNQ Ng,. SERIES SEPTEMBER,�9�9"�._nd bearing SOND..NO.
Municipal Treasurer No. 4 Municipal Treasurer No. 3
the TOWN OF TAOS, ON SEPT. 1, the TOWN OF TAOS, ON MAR. 1,
In the County of Taos and State of New Mexico, will pay to the bearer In In the County o. Taos and Stale of New Mexico, will pay to the bearer In 1970
lawful money of the United States of America, at the ofrKe of the Treasurer 1970 lawful money of he United States of America, at the office of the Treasurer
of the Town of Taos, New Mexico, the amount herein designated sole)( from of the Town of Taos, New Mexico, the amount herein designated solely from
and secured by a pledge of a designated special fund, such amount being the ;175.00 and secured by a pledge of a desinnated special fund, such amount being the $175.00
Interest then due on Its _ interest then due on Its _
"TOWN OVi-A0 5AlJ3 Tm i*EANiJt E1 6N ,I� '''.; "TOWN OF �5S71LE�TAX'REVENUE BDND;°-� '^
SERIES SEPTEMBtT1,�969',j And bearing.BOND N _1 :� SERIES SEPTEMBEi 1, 1969";�tirld,bearing 09NO NOr;'
Municipal Treasurer No' 2 Municipal Treasurer No. 1
Municipal treasurer Ix V. AL municipal r,edfuter ••`•
the TOWN OF TAOS, ON SEPT. 11 l TOWN OF TAOS, ON MAR. 1,
in the County of Taos and Slate of New Mexico, will Day to the bearer In in the County of Taos and Stale of New Mexico, will pay to the bearer in
lawful money of the United States of America, at the office of the Treasurer 1982 lawful money of the United States of America, at the office of the Treasurer 1982
of the Town of Taos, New Mexico, the amount bereln designated solely from of the Town of Taos, New Mexico, the amount herein designated solely from
and secured by a pledge of a designated special fund, such amount being the ;175.00 and secured by a piedge of a designated special fund, such amount being the ;175.00
Interest then due on Its interest then due on Its
'TOWN OF 0 j lll�S 7IJ�(�RE N l�N i � 'TOWN OF-S �� R rlys
SERIES SEPTEMB� 1, 69Mr qn gaN�lg BON,g_N��. 1" SERIES SEPTEMB ,3 9 n yln�Bq!
lz-. e>°
Municipal Treasurer No. 26 Municipal Treasurer No. 25
the TOWN OF TAOS, ON SEPT. 1, I the TOWN OF TAOS, ON MAR. 1,
In the County of Taos and State of New Mexico will pay to the bearer In In the County of Taos and Stale of New Mexico, will pay to the bearer In
lawful money of the United States of America, at the office of the Treasurer 1981 lawful money of the United States of America, at the office of the Treasurer 1981
Of the Town of Taos, New Mexico, the amount herein designated solely from of the Town of Taos, New Mexico, the amount herein designated solely from
and secured by a pledge of a designated special fund, such amount being the $L75.00 and secured by a pledge of a designated special fund, such amount being the ;1755,00
interest then due on Its Interest then due on Its
'TOWN OF l�0$�S�l L �AI�R�1l Ntr�il1 N�'�{{' � > 'TOWN OF'f'�OSIS ld -.A"Vj tY1t0WN� ?° T
SERIES SEPTEMBERr1,11969'.1i d ypatrh 110 0-1NO;j I v SERIES SEPTEMBI[�,A.9. 9"y';,�d,*beerin*B [yD�Nlgj 1 ;±
Municipal Treasurer No. 24 Municipal Treasurer No. 23
the TOWN OF TAOS, ON SEPT. 1, the TOWN OF TAOS. ON MAR. 1,
InIn the County of Taos and Stale of New Mexico, will Day to the bearer In in the County of Taos and State of New Mexico, will pay to the fearer In
money of the United States of America, at the office of the Treasurer 1980 lawful money of the United States of America, at the office of the Treasurer 1980
of the Town of Taos, New Mexico, the amount herein designated to from of the Town of Taos, New Mexico, the amount herein designated solely from
ano secured by a pledge of a designated special fund, such amount being the ;175.00 and secured by a pledge of a designated special fund, such amount being the ;1755.00
interest then due on its Interest then due on Its
"TOWN OF'�I�O`�sALES'TAX R -k Na;j 'TOWN OF fOSi S-ALF'.�1A EV ll NQ{' �'',
SERIES SEPTEMB�Ij,1, 969' gjsd beitNflE B NO, SERIES SEPTEMBkR 1,969 � nd;baafis�B�N��NOy i
Municipal Treasurer No. 22 Municipal Treasurer No. 21
the TOWN OF TAOS, ON SEPT. 1, the TOWN OF TAOS. ON MAR. 1,
In the County of Taos and Stale of New Mexico, will pay to the bearer In In the County of Taos and State of New Mexico, will pay to the bearer In
awlul money of the United Slates of America, at the office of the Treasurer 1979 lawful money of the United States of America, at the office of the Treasurer 1979
of the Town of Taos, New Mexico, the amount herein designated soltll from _ of the Town of Taos, New Mexico, the amount herein designated sole)r from
and secured by a pledge of a designated special fund, such amount being the ;175.00 and secured by a pledge of a designated special fund, such amount being the ;1755,00
Interest then due on Its __y r Interest then due on Its �,.., _
"TOWN OF'T/�0 5ALES TAX RSV NIT BOND;j ���,: � 'TOWN OF�OS S�LE�7A�R�V� U :p�ND .{ _717' T,
SERIES SEPTEMBER.1,1196��9".ana'til:e►i spNq.(JOi .1. `i SERIES SEPTEMSsBF,R;11,,,1969",4nd q_grin�B�D',NQu j
Municipal Treasurer No. 20 Municipal Treasurer No. 19
the TOWN OF TAOS, ON SEPT. 1, the TOWN OF TAOS, ON MAR. 1,
In the County of Taos and State of New Mexico, will Day to the bearer In in the County of Taos and State of New Mexico, will Day to the bearer In
lawful money of the United Slates of America, at the office of the Treasurer 1978 lawful money of the United States of America, at the office of the Treasurer 1978
of the Town of Taos, New Mexico, the amount herein designated soles) from of the Town of Taos, New Mexico, the amount herein designated sole) from
and secured by a pledge of a designated special fund, such amount being the ;175,00 and secured by a pledge of a designated special fund, such amount being the ;1755,00
interest then due on Its interest then due on Its
'TOWN OF f�09 g../�LEg TAB f1EV$NIIk N,{' �� "TOWN OF TI�bS t REVEpI BpND;?
SERIES SEPTE1xtBM1,j969y_gnd,beatr1j*00 IN SERIES SEPTEMBER,•1`969' nd e�rl�BlNO�IO.,{ , '±
Municipal Treasurer No. 18 Municipal Treasurer No. 17
V
v�%
N.
3 0.-
Ar _V
f
y,
N2
UNITED STATES OF AMERICA
STATE OF NEW MEXICO
COUNTY OF TAOS
TOWN OF TAOS
SALES TAX REVENUE BOND
SERIES SEPTEMBER 1, 1969
The Town of Taos, in the County of Taos and State of New Mexico, for
value received, hereby promises to pay upon presentation and surrender of
this bond, to the bearer hereof, solely from the special fund provided therefor
as hereinafter set forth, on the FIRST DAY OF SEPTEMBER,
THE PRINCIPAL SUM OF
FIVE THOUSAND DOLLARS
to pay solely from said special fund interest thereon at the rate of
per centum (7%) per annum,
4 evidenced until maturity by one set of coupons appertaining hereto, being payable on the first day
of March, 1970, and semiannually thereafter on the first days of March and September in each year,
upon presentation and surrender of the annexed coupons as they severally become due. If upon
presentation at maturity, payment of this bond is not made as herein provided, Interest shall con-
tinue at the rate of seven per centurn (7%) per annum until the principal hereof is paid in full.
Both principal and Interest are payable in lawful money of the United States of America without
deduction for exchange or collection charges at the office of the Treasurer of the Town of Taos,
Taos, New Mexico.
This bond Is one of a series of 46 bonds designated "Town of Taos Sales Tax Revenue Bonds,
Series September 1, 196911, of IiP.a tenor, amount and date, except as to number and maturity,
authorized for the purpose of acquiring land and buildings, constructing, remodeling and
furnishing facilities for the following: municipal offices, recreation and community center, bath
house and poolhouse. This bond is Issued pursuant to and in strict compliance with the Constitution
and Laws of the State of New Mexico. This bond does not constitute an Indebtedness of the Town
within the meaning of any constitutional or statutory provision or limitation, shall not be considered
or held to be a general obligation of the Town, and Is payable and collectible solely from the
proceeds of a portion of the gross receipts tax equal to one per cent (1%) on the gross receipts
of all retail businesses and services within the Town (with certain specified exemptions and deduc
tions) which Is levied by t0a State and which proceeds are remitted monthly to the Town by the
State of New Mexico pursuant to Section 72.13-24, New Mexico Statutes Annotated, 1953 Co,"npila-
tion, and all laws amendatory thereof and supplemental thereto (said remittances to the Town being
referred to in the bonds as the "Pledged Revenues"); and the holder hereof may not look to any
general or other fund for the payment of the principal of and Interest on this obligation, except the
special fund pledged therefor. Payment of this bond and the Interest thereon shall be made solely
from, and as security for such payment there Is pledged, pursuant to Ordinance No. 555A,
a special fund identified as the Town of Taos Sales Tax Revenue Bonds, Series September 1,
1969, Interest and Bond Retirement Fund", into which the Town covenants to pay from
the Pledged Revenues sums sufficient to pay when due the principal of and the interest on
the bonds. Reference Is made to said ordinance for a description of said fund and the nature and
extent of the security afforded thereby for the payment of the principal and the Interest on the
bonds. The bonds are equitably and ratably secured by a lien on the Pledged Revenues. Additional
obligations, subject to designated conditions may be Issued and made payable from Pledged Reve-
nues and having a lien thereon Inferior and junior to the lien, or having a lien thereon on a parity
with the lien of the bonds of the series of which this bond is a part. In accordance with the provisions
of this ordinance.
The Town covenants and agrees with the holder of the bond and with each and every person
who may become the holder thereof that it will keep and perform all of the covenants of said
ordinance.
It is further certified, recited and warranted that all the requirements of law have been fully
compiled with by the Town in the issue of this bond; and that it is issued pursuant to and In strict
conformity with the Constitution and laws of the State of New Mexico, and particularly the terms
and provisions of Chapter 14, Article 30, New Mexico Statutes Annotated, 1953 Compilation, as
amended, and all laws thereunto enabling and supplemental thereto.
IN WITNESS WHEREOF. the Town 'raos has caused this bond to be signed by its Mayor,
has caused its corporate seal to be affi ereon, has caused this bond to be countersigned by the
Municipal Treasurer, has caused the b,,.i _3 be attested by the signature of the Municipal Clerk
and the coupons hereto attached to be signed by the facsimile signature of the Municipal Treasurer,
all as of the first day of September, 1969.
ATTEST:
.....................................................................
Mayor
Countersigned:
'(Pa
................................................. ..............
.....................................................................
Municipal Clerk Municipal Treasurer
• f 1 ;
STATE OF NEW MEXI00 } 1
1
COUNTY OF TA05 . ) ss;•
TOWN OF TAOS
The Board of Trustees of the Town;of Taos, in the County of 1
Taos, State of New 'Mexico*, met in'session.in full conformity with law
and the ordinances and rules of. said Town on Tuesday ,
thel9th day of August . at the hour of 7:30
o'clock P M. at • Town Hall at which meeting
there were present'.and.answ•ering the roll call the`following, constitut-
ing a quorum:
Present: Mayor: Rumaldo Garcia
Trustees:, T. B. Martinez
Martin Vargas
Mrs. Lucille Pond
Absent: Mrs, Tessie Oakeley
constituting all the members of said Board.
Thereupon, Trustee Pond introduced and there was
read in full, the following Ordinance:
WHEREAS, the Town, after careful consideration, has determined
ti,at thorc is a present need for new public buildings for the municipality; and,
after negotiation, the Town has determined that the offer
by the purchasers for the purchase for cash for bonds nt:nlbered
I -�e -16 in the principal amount of $230, 000. 00, at the rates of interest here-
-0i: SO foal,, for the principal amount and accrued interest to the date
G.' was and is the best offer submitted for said bonds and that said
e";:r is ;1cr e:,y accepted.
:\C`�4', THERir�ORE, BE 1T ORDAINED BY THE GOVERNING BODY
Of, iL -'OWN OF AUS, NEW MEXICO:
Sc:cuion 1. Definitions: That the terms in this Section defined, except
w,.�� ti1a context by clear implication herein otherwise requires, sr,all have
the nneanincys herein specified.
(a) "1969 Bonds" means the "Town of Taos Sales Tax Revenue
,us, Scries September 1, 1969", which are herein authorized.
(b) "Town", ",unicipal" or "Municipality" means the munici-
corporation, aad body corporate and politic known as the Town of
aos Cot::ty, New U�exico.
(c) "Sales Tax Revenues" means the amount received by the
::1t::icipa�:ty undler Chapter 147 of the 1969 Laws of the State of New Mexico,
Lei an amount equal to 1% of the taxable gross receipts reported for the
,-LI.-pa lty and being paid from revenues collected by the State of New
':`�xico u:luer the provisions of Section 72-15- 1 through 72-15-37, N. M. S. A. ,
,�;�3 Cor:1;D.
(d) "Paying Agent" means the Office of the Treasurer of the
Town of 'Taos, Taos, New Mexico.
- 2 -
(e) "Purchasers" means Stern Bros & Co. , Albuquerque,
New Yoxico.
(f) "Pledged Revenues" means the P.mount of the Gross Re-
'i as i\evel:tles, which is remitted monthly by the Bureau of Revenue
to ti:� Municipality, pursuant to Section 72-13-24, N. M. S. A. , as amended.
(g) "Project" means acquiring land and buildings, construct-
in,-,. r::.—noci;ling and furnishing facilities for the following: Municipal offices,
r_zreation and community center, bath house and poolhouse.
Scet.ion 2. Ratification. That all action heretofore taken (not
t: with the provisions of tnis ordinance) by the Governing Body
oiiicers of the Municipality directed toward the Project, and toward the
sale and issuance of the Bonds to the Purchasers herein
auti:orized be, and the same hereby is, ratified, approved and confirmed.
Section 3. Authorization of Bonds. The City shall issue its
coupon, revenue bonds to be designed "Town of Taos Sales
:: Revenue Bonds, Series September 1, 1969" in the aggregate principal
u::cunt *230, 000. 00, to be payable and collectible both as to principal
u;i.. interest solely from the Pledged Revenues. That the bonds shall be
-'ate,-', as of the first day of September, 1969, shall consist of 46 bonds in
L-0 cc:.,-,nlii:
A\/iOUNTS MATURITY INTEREST RATE
$10$ 000 September 1, 1970 7 °J•o
$10, 000• September 1, 1971 7
$15, 000 September 1, 1972 7 7o
$15, 000 September 1, 1973 7 % .
$15, 0000 September 1, 1974 7 7O
$15, 000 September 1, 1975 7 To
$15, 000 September 1, 1976 7 FO
$20, CCO September 1, 1977 7 (70
$20, 000 September 1, 1978 7
$20, OCO September 1, 1979 7 OJo
: $25, C00 September 1, 1980 7 70
$25, 000 September 1, 1981 7 O
$25, 000 September 1, 1982 7 7
both principal and interest being payable in lawful money of the United States
of America, without deduction for exchange or collection charges, at the
Paying Agent. In the event any of the bonds shall not be paid at maturity
upon presentation, said Bonds shall thereafter continue to draw interest at
the rate of seven percentum (770) per annum until the principal thereof i.s
paid in full.
Section 4. . Negotiability. That subject to the provisions specifically
made or necessarily implied herein, the Bonds and coupons appertaining thereto
shall be fully n;gotiable, and shall have all the qualities of negotiable paper
and the holder or holders thereof shall possess all rights enjoyed by the holders
negotiable instruments under the provisions of the Uniform Commercial
Code. That the bonds shall be signed and executed in the name of the Muni-
r
cipality by the signature of the Mayor; thq corporate seal of the Municipality
CP
s'.-,all be affixed on each Bond; each Bond shall be countersigned by the Munici-
pal Treasurer; and each Bond shall be signed by the Clerk of the Municipality.
The interest coupons thereto*attached shall bear the facsimile of the signature
of the Municipal Treasurer, which officer shall adopt as and for his signature
the facsimile thereof appearing on said coupons. . The bonds and coupons
4 - '
bearing the signatures of the officers in office at the time of the signing
thereof shall be the valid and binding obligations of the Municipality,
notwithstanding that before the delivery thereof and payment therefor,
any or Call of the persons whose sgrnatures appear thereon shall have
ceased to fill their respective offices.
Section 5. . Special Obligation. That all of the Bonds, together with
the interest accruing thereon, shall be payable and collectible solely out of
the Pledged Revenues, which are irrevocably so pledged; the holder or
holders thereof may not look to any general or other fund for the payment
of principal and interest on such obligations, except the designated special
funds ple g ed therefor; and the Bonds shall not constitute an indebtedness
nor a debt within the meaning of any constitutional e:- statutory provision or
limitation; nor shall they be considered or held to be general obligations
of the Municipality; and each of the bonds herein aWoriked•to be issued
shall recite on,its fa,_e that it is payable and col ec`ible solely from the
Pledged Revenues, the income fxom which is so ple 'geJ and that the holders
thereof may not look to any general or other fund for the payment of prin-
cipal and interest on the Bonds.
Section 6. Bond and Coupon Form. That the Bonds and the coupons
thereto attached shall be in substantially the following form:
- 5 -
UNITED STATES OF AMERICA
STATE OF NEW MEXICO COUNTY OF TAOS
TOWN OF TAOS
SALES TAX REVENUE BONDS
SERIES SEPTEMBER 1, 1969
\o.
$5,000. 00
The Town of Taos, In the County of Taos and State of New Mexico,
for value received, Hereby promises to pay upon presentation and surrender
of this bond, to the bearer hereof, solely from the special fend provided
therefor as hereinafter set forth, on the first day of September, 19 the
principal sum of
FIVE THOUSAND DOLLARS
aad to pay solely from said special fund interest thereon at the rate of
seven per certum ( 7 per annum, evidenced until
rr: turity by one set of coupons appertaining hereto, being payable on the
fir sz day o March, 1970, a.-id semiannually thereafter on the first days of .
March and September in each year, upon presentation and surrender of the
annexed coupons as they severally become due. If upon presentation at
maturity, payment of this bond is not made as herein provided, interest
shall continue at the rate of seven per centum (77) per annum until the
principal hereof is paid in full. Both principal and interest are payable
iii lawui iro•:ey of the United States of America without deduction for
eXch ancre or collection charges at the office of the Treasurer of the Town
V. Taos, Taos, New Mexico.
Tli:s bond is one of a series of 46 bonds designated "Town of Taos
Sales 7 a Revenue Bonds, Series September 1, 1969", of like tenor,- amount
- 6 -
and date, except as to number, prior redemption, option, and maturity,
authorized for the purpose of acquiring land and buildings, constructing,
remodeling and furnishing facilities for the following: municipal offices,
recreation and community center, bath house and poolhouse. . This bond
is issued pursuant to and in strict compliance with the Constitution and
Laws of the State of New Mexico. This bond does not constitute an
indebtedness of the Town within the meaning of any constitutional or
statutory provision or limitation, shall not be considered or held to be _
a general obligation of the Town, and is payable and collectible solely
from the proceeds of a portion of the gross receipts tax equal to one
per cent (157) on the gross receipts of all retail businesses and services
within the Town (with certain specified exemptions and deductions) which
is levied by the State and which proceeds are remitted monthly to the
Town by the State of New Mexico pursuant to Section 72-13-24, New
Mexico Statutes Annotated, 1953 Compilation, and all laws amendatory
thereof and supplemental thereto (said remittances to the Town being
referred to in the bonds as the "Pledged Revenues"); and the holder hereof
may not look to any general or other fund for the payment of the principal
of and interest on this obligation, except the special fund pledged therefor.
Payment of this bond and the interest thereon shall be made solely from,
and as security for such payment there is pledged, pursuant to Ordinance
No. 555-A , a special fund identified as the 'Town of Taos Saies Tax
Revenue Bonds, Series September 1, 1969, Interest and Bond Retirement
Fund", into which the Town covenants to pay from the Pledged Revenues
Burns sufficient to pay when due the principal of and the interest on the bonds.
- 7 -
t
Rctcr•--nce is made to said ordinance for a description of said fund and
isle ►:azure and extent of the security afforded thereby for the payment
and the interest on the bonds. The bonds are equitably
ca:lbiy :secured by a lien on the Pledged Revenues. Additional
Subject to designated conditions may be issued and made
pay blo from Pledged Revenues and having a lien thereon inferior and
j Unior to the lien, or having a lien thereon on a parity with the lien of
bonds of the series of which this bond is a part, in accordance with
tip: provisions of this ordinance.
Th.-I Town covenants and agrees with the holder of the bond and
eaci, and every person who may become the holder thereof that it
�virl %eep a::d perform all of the covenants of said ordinance.
:t is further certified, recited and warranted that all the re quire-
of law have been fully complied with by the Town in the issue of this
a::,1 t'.:wt it is issued pursuant to and in strict conformity with the
C�,atitutioi: and laws of the State of New Mexico, and particularly
Z.-.0 and provisions of Chapter 14, Article 30, New Mexico Statutes
193 Compilation, as amended, and all laws thereunto enabling
thereto.
1N %VITNESS WHEREOF, the Town of Taos has caused this bond to
by its ,\mayor, has caused its corporate seal to be affixed hereon,
use d this bond to be countersigned by the Municipal Treasurer, has
C t.S::'L; bond to be attested by the signature of the Municipal Clerk and
cou,)ons hereto attached to be signed by the facsimile signature of the
Treasurer, all as of the first day of September, 1969.
;SEAL)
(Do not sign)
S T : Mayor
i si`►� Countersigned:
(Do not sign)
_
8 - Municipal Treasurer
(Form of Coupon)
Coupon No.
On the first day f
y March 19 the Town of Taos, in the
September ' '
Cou-nty of Taos and State of New Mexico, will pay to the bearer in lawful
mon,q of the United States of America, at the office of the Treasurer of
the Tow is of Taos, New Mexico, the amount herein designated solely from
aid secured by a pledge of a designated special fund, such amount being
the interest then due on its "Town of Taos Sales Tax Revenue Bonds, Series
September 1, 1969", and bearing Bond No.
(Facsimile Signature)
Municipal Treasurer
• r r
9
. I
Scction 7. IDe.livery of Bonds and Disposition of Proceeds.
A. Delivery to Purchasers. That when the Bonds have been
dUl j' ex,;,:utcd and sold, the Municipal Treasurer shall deliver them to the
lawful purchasers thereof on receipt of the agreed purchase price.
B. Use of Proceeds. That except as herein otherwise spe-
ciiie:llly p:ovid(2d, the proceeds derived from the sale of the Bonds shall
used and paid solely for the purpose of acquiring the Project.
C. Construction. That except as herein otherwise provided,
;'.:e prcce� as derived from the sale of the Bonds shall be deposited promptly
u:)o:1 receipt ti.ereof into a separate account, which shall be used solely
ror �::c Project, except that after the Project is completed, all money remain-
t:�e said account, if any, shall be credited to the Bond Fund, or held for
tutus o, co struction as determined by the Municipality.
D. Accrued Interest and Premium. That upon the sale of
t:O ::6.nds, all monies received as accrued interest shall be deposited into
t :�
on` "Fund, to apply on the payment of interest next due on the Bonds.
L. Purchasers Not Responsible. That the Purchasers of
:�on::s shall in no manner be responsible for the application or disposal
by Va,icipality or by its officers of the funds derived from the sale
tilc:roo: or of any other funds herein designated.
S�:ction S. A. Bond Fund Payments. As a first charge thereon,
:i s:-,.ill hc: continuously credited to a separate account hereby created
to bL: :cnown as the "Town of Taos Sales Tax Revenue Bonds, Series
1969 Interest and Bond Retirement Fund" (herein "Bond Fund"),
Monthly, commencing September 1, 1969, and on the first
?aw o c::.,;i1 month thereafter, the Municipal Treasurer shall. deposit to the
- 10 -
:;a:,:i "-`Lind one-twelfth (1/12th) of the next maturing principal payment
on:s sixth (1/6th) of tl-e next maturing interest payment.
Delinc;uencies in Bond Fund. If, in any month,
.y siza:l, for any reason, fail to pay into the Bond Fund
u:l _-.-nou::t above stipulated from the Pledged Revenues, or other
sources then the difference between the amount paid
a;:�ounu so stipulatod shall be paid therein from the first revenues
reccivcd from the Pledged Revenues. The moneys in the
un:i s:-,all be used solely and only for the purpose..of paying
t ;:-in; ipal of a:-,d the interest on the Bonds issued hereunder;
that any moneys in the Bond Fund in excess of
�
.ccruc �:: u�:accrued principal and interest requirements to the
s m la.turi tic s of the outstanding Bonds may be used as herein-
�o3CM; l;roviu,,d in paragraph of this Section.
Use or Surplus Revenues. After making the payments
required to be made: by paragraph A of this Section, the
rL:::a:i,:::g Pledged Revenues, if any, may be applied to any other law-
�u: ;�L::•.;O�i; O1 purposes authorized by the Constitution and Laws of the
S:at� )f \:;w lexico, as the Governing Body may direct.
S--ctio:: 9. Gen�;ral Administration of Funds.
�i,ve--nncn-z of Money. Any moneys in any fund herein created
inv.:s.ed or reinvested by the City Treasurer in bills, certificates
ss, notes, bonds or other similar obligations which are
..:-,_:c, oJ!iCratioi,S of or the principal and interest of which obligations
..:,cci dit:onally guaranteed by the United States of America (herein
. .._••.1 Securities") which shall be subject to redemption at face value
:.older tho-roof at the option of such holder, or which mature at
11
l.!as : tk�:n days prior to the date or dates on which the particular moneys
:.: r.c��i�:d to pay interest, or interest and principal for the Bonds or
_o -z: cos--s. The obligation so purchased as an investment of moneys
6.: a;:d shall be deemed at all times to be part of said fund, and
est accruinsg• thereon and any profit realized therefrom shall
c .; cd to th;; fund and and loss resulting from such investment
c,na., ;ed to the fund. The Municipal Treasurer shall present
or r,�d:,nnnption or sale on the prevailing market any obligations so
1,:: onas:3c, as a: investment of moneys in the fund whenever it shall be
to do so in order to provide moneys to meet any payment or
trans:. from such fund.
Section 10. First Lien on Pledged Revenues. That the bonds
constitute an irrevocable and first lien (but not necessarily an exclusively
on the Pledged Revenues.
Section 11. Additional Bonds or Other Obligations.
�',) T
I-Ljij4LEiojjS Upon Issuance of Parity Obligations. That nothing
L!::s o-Jinancc coi.tained shall be construed in such a manner as to pre-
i.,suance by the Municipality of additional bonds or other obliga-
--J::y able orn the Pledged Revenues and constituting a lien upon said
on-a parity with, but not prior nor superior to, the lien of the
e:7-in authorized, nor to prevent the issuance of bonds or other
refunding all or a part of the b, cis herein authorized, provided,
gnat before any such additional parity bonds or other parity
ins are:
(1) The Municipality is not, and has not been, in default
to any payments requ;red to be made by Section 8 hereof and
12
(2) The Pledged Revenues received by the Municipality
i foal Year inime liately preceding the date of the issuance of
par ity obligations shall have been sufficient to pay an
es,sting two hundred per centum (200%) of the combined
principal and interest requirements on the outstanding
a;:d other obligations of the Municipality payable from the
venues and the bonds or other obligations proposed to be
�-r*,iricate of Earnings. A written certification by an
:It accountant that said annual Pledged Revenues are sufficient
to 1 uy s::iu an;:ounts , shall be conclusively presumed to be accurate in
right of the Municipality to authorize, issue, sell and
swid. additional bonds or other obligations on a parity with the
:�o;:,;s i:ez•eil, auti:02"1ZZd.
;�1} inaro Obligations Permitted. Nothing in this
subject to the limitations herein stated, shall be
suCi; a manner as to prevent the issuance by the Municipality
or other obligations payable from the Pledged Revenues
lien upon said Pledged Revenues subordinate or junior
.:... . .:n o: the bo":cs herein authorized, nor to prevent the issuance of
:....:.;s cr oti-:e.- obligations refunding all or a part of the bonds herein
i;. S;:ixrior Obligations Prohibited. Nothing herein contained shall
so as to permit tl e Municipality to issue bonds payable from
RLw,;nu, s having a lien thereon prior and superior to the Bonds
._ ru:n �:ut::oriz�d to be issued.
13
S;:ction 12. Protective Covenants. That the Municipality hereby
cove ;ai;ts al:,i agrees with each and every holder of the bonds that:
A. of Bonds herein Authorized The Municipality will
u; o �l�tly pay the principal of and the interest on every bond issued here-
and sL!cured hereby at the place, on the dates and in the manner
S? (:i .,2d her�;in and in said Bonds and in the coupons thereto appertain-
in-- according to the true intent and meaning thereof. Such principal
C.
ar, interest are payable solely from the revenues derived from the
Pledged Revenues or other revenues legally available for the purpose.
3. Records. So long as any of the Bonds remain outstanding,
propel- gooks or record and account will be kept by the Municipality,
5, A)arate and apart from all other records and accounts, showing
col::plete ana correct entries of all transactions relating to the Sales
Tas Revenues, and Pledged Revenues.
C. Audits. The Municipality further agrees that itwill, within
sixty t:�:ys following the close of eaL;h Fiscal Year, cause an audit of
s uc" books a:�d accounts to be made by a certified or registered public
a�cou„t«,a, showinb the revenues and expenditures of the Sales Tax
u,s and Pledged Revenues. The Municipality agrees to furnish
for-.:;wit;1 a copy of each of such audits and reports to the Purchasers.
such holder shall have the right to discuss, with the Accountant or
p;:rson, raking the audit, the report and the contents thereof and to ask
3,r suzil, aduitional informa�Lion as he may reasonably require.
D. Extending Interest Payments. In order to prevent any
of coupons or claims for interest after maturity the Munici-
y will not directly or indirectly, extend or assent to the extension
14
f
,-)r t i n-,o for the payment of any coupons or claim for interest on any
or z;:,: ;)onus and it will not directly or indirectly be a party to or approve
ar:angcment for any such extension or for the purpose of keeping
u:iv,: �.nv of said coupons; and in case the time for payment of any
coupons shall be extended, such coupon or installment or install-
ill oi' interest after such extension or arrangement shall not be
in case of default hereunder to the benefit or security of this
o.:alnanc,: except subject to the prior payment in full of the principal
o al: Son ds issued hereunder and then outstanding and of matured
on such Bonds the payment of which has not been extended.
E. Performing Duties. The Municipality will faithfully and
perform all duties with respect to the Project and the Bonds
reciuired
by the Constitution and Laws of the State of New Mexico and
r-,:; oi-uinances and resolutions of the Municipality, including but not
::::zit;; to the proper segregation of the Pledged Revenues and their
-ohoation to the respective funds.
T. Other Liens. Other than as provided by this ordinance,
I_z 4:1*04 no liens or encumbrances of any nature whatsoever on or
;st the Pledged Revenues.
G. Municioality's Existence. The Municipality will maintain
:s cor;,cl ate identity and existence so long as any of the Bonds herein
u� :l:ot eu remain outstanding, unless another political subdivision by
o-: rauj;c,n of law succeeds to the duties, privileges, powers, liabilities,
immunities and rights of the Municipality and is obligated
1--w to rk;ccive and distribute the Pledged Revenues in place of the
:u ic:pa:ity, without affecting to any substantial degree the privileges._--------
r: ii-Ls of any holder of any outstanding bonds.
15
:�. Tnipairrient of Contract. The Municipality agrees, that any
o, or resolution of the Municipality in any manner affect-
:.:,; i�2v.;nu; s of Elie Bonds, or otherwise appertaining thereto,
iJ_; or otherwise directly or indirectly modified, in such
to impair adversely any bonds outstanding, unless such Bonds
in full or provisions have been fully made therefor.
Section 13. `c,'Iazisance. That when all principal and interest in
iti: til;, Bonds hereby authorized have been duly paid, the
_4 li�:r. u;:u all obligations hereunder shall thereby be discharged
sha- H no longer be deemed to be outstanding within the mean-
:::; TInere shall be deemed to be such due payment when
Body h,s placed in escrow and in trust with a commercial
Wit", or without the State of New Mexico and exercising
all an:ounE sufficient (including the known minimum yield'
Sccurities in which such amount may be initially invested)
al. _^`euire;nents of principal and interest, as the same become
::.: :i;. �'. maturities. The Federal Securities shall become due
"o t:-IL: times on which the proceeds thereof shall be needed,
a schedule established and agreed upon between the
any; such bank at the time of the creation of the escrow
:ar:_1 Securities shall be subject to the redemption at the option
�i�erco: to assure such availalbility as so needed to meet
Federal Securities within the meaning of this section shall
C1ir,�ct obligations of, or obligations the principal and in.crest
c:: u_•,: u;1c2c"naltio;:ally guaranteed by, the United States of America.
iIL�lehated Pawers. That the officers of the Municipality
"::-y :iOreby are, authorized and directed to take all action necessary
16
to c-ffectuate the provisions of this ordinance, including
"n i:ir the; �.ncrality of the foregoing, the printing of said Bonds
of such c,::rtificate as may be required by the Purchasers.
S�c.tioi: 15. of Default. That each of the following events
an "event of default":
o� Principal. If payment of the principal of any
c: :CIS aut;4orized to be issued shall not be made when the
ciue: and payabl,.-, either at maturity or by proceedings for
or otherwise, or
of Interest. If payment of any installment of
no: lbc n.adc: when the same becomes due and payable or
ercafuer; or
to Perform. If the Municipality shall for any reason
ci incao-,blc of fulfilling its obligations hereunder, or
D. Of ap.v Provision. If the Municipality shall make
unu punctual performance of its covenants or conditions,
:; r.Ls provisions contained in the Bonds or in this ordinance on
tc iJe
c, ormcd, and if such default shall continue for sixty days
n nctic�.- s_3ecifying such default and requiring the same to be
c! s'::all have been given to the Municipality by the holders of
in principal amount of the Bonds then outstanding.
Q Enforcement. That any holder of any one or more
..c s ci any oft;e coupons representing interest thereon, may,
`.�c:r in oquity, by suit, action, mandamus or other appropriate
I'S t:1 ._,curz of competent jurisdiction protect the lien created
or A,-ianco c i the income hereby pledged, and may by suit, action,
17
n,an,:c.mus or other appropriate proceedings enforce and compel the
-:-,,.inco of any duty imposed upon said Municipality by the pro-
v:si3;>> of this ordinance.
Section 17. Separability. That if any section, paragraph, clause
o:- provision shall be held to be invalid or unenforceable, the invalidity
or uncnforc:2ability of such section, paragraph, clause or provisions
skull not affect any of the remaining provisions of this ordinance.
Section 18. Repealer Clause. That all ordinances or parts of
or(Lnances inconsistent herewith are hereby repealed to the extent only
of such inconsistency. This repealer shall not be construed to revive
any ordinance or part of any ordinance heretofore repealed.
Section 19. Amendment. That this ordinance may be amended
cr suppluniented by ordinance adopted by the Governing Body in accordance
tl-io laws of the State of New Mexico, without receipt by the Municipality
o any additional consid.ration but the written consent of the holders of
serve ty-five per centum (750) of the Bonds authorized by this ordinance
c::.d 3utstanding at the time of the adoption of such amendatory or suppla-
1 ordinance; provided, however, that no such ordinance shall have
�;.,� of act of permittin r:
(1) an extension of the maturity of any bond authorized by
t::is ordnance; or _
(2) a reduction in the principal amount of any bond, the rate
of in,.L: cst rnereon, or the prior redemption premium payable thereof; or
(3) the creation of a lien upon or pledge or revenues
prior to the lien or pledge created by this ordinance; or
(4) a reduction of the principal amount of bonds required
nor co s�:it to such amendatory or supplemental ordinance; or
18
(5) the establishment of priorities as between bonds
issued and outstanding under the provisions of this ordinance; or
(6) the modification of or otherwise affecting the rights
4
of the holders of less than all of the bonds then outstanding.
Section 20. Ordinance Irrepealable. That after any of the, bonds ;
herein authorized are issued, this ordinance shall be and remain irrepeal-
able until the bonds and interest thereon shall be fully paid,.. cancelled and
discharged as herein provided.
Section 21. Effective Date. This ordinance shall be recorded
in the boo: of• ordinances of the Municipality kept for that purpose, �_.-------
authenticated by the signatures of the May�x and Municipal Clerk and the
ordinance in its entirety shall be published in the Taos News, a newspaper
which maintains an office in and is of general circulation in the Municipality,
in a.cordance with law, and said ordinance shall be in full force and effect
rive days after such publication.
PASSED, ADOPTED, SIGNED AND APPROVED this 19th day of
August* 1969.
Mayor .
'SEA
ATTEST:
TEST: .,
v
'Municipq lerk
• i
• i
19
Trustee Vargas then moved that said ordinance be
passed and adopted as read. Trustee Pond seconded the
motion. The question being on the passage and adoption of said ordinance,
t::e roll was called with the following results:
Those voting AYE: J. B. Martinez •,>.
Martin Vargas
Mrs. Lucille Pond
Those voting NAY: None
The presiding officer thereupon declared that at least three-
iourths of all of the Trustees having voted in favor thereof, the said
motion was carried and the said ordinance duly passed and adopted.
After the consideration by the Commission of other business
unrc::aced to the Town of Taos Sales Tax Revenue Bonds, Series September
1, 1969, the meeting was, on motion duly made, seconded and unanimously
carried, adjourned.
Mayor
(SEAL}
:1TTEST:
.Vur,:cipa! l�:rk
20
i
a
SrL'.1TL OF NEW MEXICO )
COUNTY OF TAOS ) ss:
r=3WN OF TA OS )
1, Carolyn R. Parr the Municipal Clerk of the City of
'i aos, New Mexico, do hereby certify:
1. That the foregoing pages numbered 1 to 20, inclusive,
co;:5t'tute a full and correct copy of the record of proceedings, taken
by the Board of Trustees of said Town at a meeting thereof, held on
t :k; 19th day or August 1969, sofar as said minutes relate
to an o:dinance, a copy of which is therein set forth; said copy of said
or "nanca as contained in said minutes is a full, true and correct copy
of the original of said ordimnce as passed by the Board of Trustees
at said meeting, and said original ordinance has been duly authenticated
by the signatures of the Mayor of the Town and myself as Municipal
Clerk, scaled with the corporate seal of said Town signed and approved
by the Mayor thereof, and recorded in my office. -
2. The Mayor and 3 members of the Board of Trustees were
�r �ent at said meeting, and the members of said Board voted on the
�as5� of said ordinance as in said minutes set forth, and said ordinance
%vas on the 29th day of August 1969, published in its entirety
os News, a newspaper which maintains an office in and is of
circulation within said Town.
3. No other business concerning said ordinance was taken at
said matting.
21
�
i
IN WITNESS WHEREOF, I have hereunto set my hand and the
seal of said Town of Taos, this 30thday of ' August 1969.
unicip Cleft
4
( SEAL ) ;
!
. 0
4
1
i
1
I
22
STATE OF NEW MEXICO )
COUN'T'Y OF TAOS ) ss:
TOWN OF TA OS )
Each of the undersigned, being first duly sworn on oath deposes
and says:
1. That they are, respectively, the Mayor, Clerk and 'Treasurer
of the of Taos, 'Taos County, New Mexico.
2. That the; Town of Taos, New Mexico was duly incorporated
under the laws of the State of New Mexico, in the year 1934, that there
is no litigation threatened or pending concerning the validity of such
incorporation or the right of any of the officers of said Town to hold
his respective position.
3. That from the cday of Q./��,•vs 7" 1969 up to and
including the date of this Affidavit, the following have been and now are
the duly elected or appointed officers of said Town, to-wir:
Mayor: Rumaido Garcia
Trustees: J. B. �`�larrinez
Martin Vargas
Mrs. Lucille; Pond
Mrs. Tessie Oakeley
Clerk: Carolyn R. Parr
Treasurer: Carolyn R. Parr
4. That the gross revenues derived from the municipal sales
tax of said Town for the last fiscal year were $ V �
.5. That there are no liens or encumbrances of kind or nature
against the revenues to be derived from the municipal sales tax except
24
a
f
Sales Tax Revenue Bonds, Series September 1, 1969, in the principal
amount of .$230, 000. 00.
6. "1'ili►t the i-o is no litigation threatened or pending relating in
any way to city validity of said Sales Tax Revenue Bonds, Series September
1, 1969, or any of them, or the right of the Town to construct, remodel
and equip the following:
Municipal offices, recreation and Coill►11Unity Center,
bathhouse and poolhousCs, or to collect revenues out of which
said bonds and the interest thereon shall be paid, nor has any petition been
filed to secure a referendum of the ordinance authorizing said bonds.
Mayor
-casurer
(S E A
Subscribed and separately sworn to before me thisnuday of
1969.
Notary PPfiC
My commission expires:
25
t
SIGNATURE CERTIFICATE
1, the undersigned Assistant Vice President of the
First State Bank, of Taos New Mexico
New Mexico, do hereby certify that I am personally acquainted with
I:umaldo Garcia, Mayor and Carolyn R. Parr, Clerk and "Treasurer of
the Town of Taos, New iM,'-,Xico; that I know the above mentioned officers
held their respective positic-ns on the date of the execution and delivery
of that cc rcain issue of Sales Tax IZcveni►(2 Bonds, dated September 1,
1969, of the '!'own of chaos, New Mexico, consisting of 46 bonds in the
denomination of $5, 000. 00 each, numbered 1 to 46, inclusive, and
maturing serially on the 1st day of September, in the years 1970 to 1982,
inclusive.
I furtl-cr certify that I am acquainted with the signatures of said
officials and know that the signatures appearing on said bonds are the
signatures of said officials, respectively and that said officials Ilave to
this certificate subscribed their respective signatures as follows:
Mayor
1, !c c.
Clerk
reasur r
(S E A I�)
Signed and certified this 'k day of 1969.
!assistant Vice President Of
First State Bunk
(BA iK S11AQ of Taos New X Mexico
26
S'T'ATE Oh NEW ,MEXICO )
COUNTY OF TAOS ) ss:
TOWN 0 F, 'FAGS )
It is hereby certified by the under-signed, the duly qualified and
aetin(" TrOasUI-cr of the Town of 'Taos, New Mexico, that on the " day
Of 1969, said Town delivered to Stern Brothers & Co. ,
its Sales Tax Revenue Bonds, dated September 1, 1969, in the principal
amount of $230, 000. 00 consisting of 46 bonds in the denomination of
$5, 000. 00 each, and said Town acknowledges receipt of the agreed
purchase price, a sum not less than the par value of said bonds and
accrued interest thereon as follows:
Principal $230, 000. 00
Accrued Interest
Premium NONE
Total $ CIL? j2 d
IN WITNESS WHEREOF, lie has hereunto cet his hand at Taos
New Mexico this 14 day of I ' 10)09.
' rcasur
(SEAL)
27
Serliort F. A Rand Pond 1'ny-N
menta. As a fist charge tlt('I'r"n'Ic payments required to be made by
mere shall be r•ontlnuously real- Section S hereof and
LEGAL ADVERTISEMENT heel to a separate amount hpre- (2) The Pledged Recentles re•
by created and to br kn"nn as rrlved he the .liunlri,t
tttc "Tol•:n (if Taos �alrs Ta`, {:my for the
Scrirs ��Ilembel Fiscal Year Immediately preved-
PIPdgPd Reve'nie.s and hnving a iletenue Bonds• S tor; Ill,• dotP or the Issuance or
Ilcn thcteon icre:lvr and junlur to, 1, ifoii interest and Bond Rrilre- surh additional partly obit ris
the (let " t;ai in,, A teen nwreon; ment Fund" I herein "Bol'(i shall have been psu!firlent tutaity
Fund-i. the fnlinv.ing: monthi)- An amount representing pave
W! (l pa:u;. +'fth the Ile❑ n( tit., (•nmmencing September t. tfutt', dred t( p rsenling tn'o hunt,
b�n':ds sI ne srrlPS i +•.I•n.t Ili, and lqt the first (Ia} of each per maxim r.ann I of the
Land 15 +� part, lu a•vordah,,t, combined maximum annual , t+
mnnih thereafter. the NiuniclPal clpai and interest re rin-
iUl the pru+lslons of this oral Treasurer shall dcpuslt to the nu honds nn
the outstanding revenue bonds Anrl
he other obligations of the \tunlcl-
•I'ht' T•".•.1; rn1'e1lNtltt; and llnnd Fund one-twelfth (1'1L'thl '
a,:rees with the holder of tile, (i( the nest maturing principal polity payable from the Pledged
hind and aitn each and ecru pa)' 1
ment and one sixth ( 8th of RRe+•rnurs and the honds or other
person who ma) become the hold the nest maturing Interest pay- 3 obllgrttions proposed to be issued.
er thereof that It trill keep and ment. 1 lbr ('ertifleate of Earnings, A
perform aJI of the covenants o!: 13) Defraying Delinquencies In 1. n'ritien vertiriention by an Inde•
bald urt'Iofincr. Bond Fund. It, In any month. the pendent Ac'Pnuntant that said in.
It Is further certified, record Munlrlpalily shall, for any rea- t nual Pledged Revenues are slit.
and warranted that rill the re- yon, fall to pay into the Bond ,I orient to pay said amounts, shalt
yuiremen;a cut law have been funs Fund the full amount above etip- 1. be collrluSt]'pIY presumt'd to be
rumpiled +°fill b\ the To++n In the
Issue of tht.x bond; find that It Is ulatrd from the Pledged Reven- of acrur;tte in deterrnlrang -fie right
,sbued purs"ont to and In strict ues, or other legally available fl of the �iunirtpath}' to nuthorize,
tonformily ++Ith the Constitution sources then the difference be- j Issue, sell And deliver said addf-
,nd Iay..s or the state of vet,• tween the amount paid and the tlonal bonds I other nallgatlnns
>iexlcu, and particularly t h e amount so stipulated shall be f ('11 a Pli"il'y I I;h the bonds herein
h•rnu ar,•1 rn+'IStons of l'hupter
i.l Article tw \et, �Icxico Stitt- paid therein from the first rev- t
enues thereafter received from a ICI vubordinate OblIgntlons Per.
uses Annota+et, 193,1 Comollatfon. the Pledged Revenues. The mon- .- mitted• Nothing in this ordtnancp
i s amended, r.nd all lags there- e's In the Bund Fund shall be j eorl Ili incd, still'lect to tilt, lrntl-
.tnto e•labling a:td Supplemental used solely and only for the pur- t. Urtions herein stated, shall be rim• ,
thereto. puse of pw Ing the principal of .+ Atrued In such a manner as to
1X N'111r,S t"HFRFOF, the And the 1n;erest on the Bonds ts- -prevent the Issuctnr•e by
To+'n of 'I aos has caused this sued hemunder; provided, ho++'- I the \lu.
u.,a(t t" Oc signed by its 1luyus ever sh.+1 Any moneys In the nlclpalRv of additional honcis m
1 other obligations tla)le from
pas cause 1 its c'or'pora;e Seal t• Bond r and In excess o, accrued C 11te Plcd P:
nc nffls•rd hereon, has causel and unarr•rued princ•fpat And In-11 ged Revenues 'Ind con.
,this bolo! to be attested by Uu te•rest requirements to the re- i Refuting a Ilea Upon Bald Pled,'c l
.sign,
bond t the attestedu; Clt'r'k spectl+•e maturttles of the out t Revenues suhordl(ate or Junior to
standing Bonds may be used as the Ilpn of the bonds herein au-
and the c•oupuns hereto attached herefnaboye provided in para-. thorized, nor to prevent the Is•
to be sigi,ed by the facsimile Sig rap II of this Section. suclhce of honds or other olds a-
nature of the Municipal Treasur- g IC1 Gse of Surplus Revenues• lions refunding all Or a k
er, all its of the first day of Sep the hoods herein •nilhorized�t of
tentber, 1969, After making the payments here- ID t >;trper(nr Oj,ligntions pro
iSEAL) i araura It required of this Section. the I ittbttr•d, -Nothing herein r•ontalned
(Do not sign) remaining Pledged Revenues, If shall be construed wt' as to Der-
Macur any, may be applied to any other h;it the Mf niripitllty to issue
ATTEST: lawful purpose or purposes au-I jterc nuts.hr+i�ingorn lire tlledgcn
'Do not si 111 rlor anti sir error to the Bonds
�lunlcl to Clerk
thorized by the ConstRutfon and
Laws of the State of New \text-I recto uutholl�zed to he Issued.
Court terslgned: ,.o, as the Governing Body may i Section 12. Protective t'ove.
(Do not sign) direct. taunts• That the ylunicl ,
municipal 1'rensure, Section 9. General Adminlstra-lLerphy covenants and agrees l with
(Form of Coupon)
Coupon No.-- _— tlon of Funds. I-ach •dui every holder of the
Ion the first day of March, Sep-' (A) investment of money. Any �)ollds that:
tem her, 19—, the Town Of 1'uus,l moneys in any fund herein ere- A. P„ynlent nl Bonds herein
In the County of Tools and titute; ated may be invested or reinvest-(Authorized. Tit, 3Iunici a111ty will
lot New Mextcu, will pay to the, d by the City Treasurer 111 bills,Iaromptly p;,y the principal of rind
(bearer In lawful money of the' certificates of indebtedness, notes,1,11e interest nn every bond Issued
united Slates of America, at the. bonds or other, similar Obligations Itereunrle' and se,tlr•er1 IN Ili, ,t
office of the Treasurer of the, Which are direct obligations of or I he plan. on the dates and 111 the
!Town of Titus, New Mexlco, the. the princlpal and interest of which h;,it rt,,1. sl,criflyd herein And is
erOm tandt secured bsn1te<icdgrtu(! lbligaaratnteed are unconditional uthendlUnited ',her Bonds and ht the rnup(„ts
hereto al'prrtalnin arrnrdlnt it',
a designated special fund. such States of America rtercln "Fed- ;ht,true 17itt,nl And mpidlirlc therm
amount being the Interest then - ' —rarities") wM n shall he If• Such princip:,i altd Infect, t
subject to redomptlo• 'it face va.- •.r,• pu}able sOlrl} from the rev.:
due nn its Iuun of Taus S;Iics ue by t'te holder t -cot at tit(' nue+ derived fri'm tilt' Pledged
Tax Revenue Bonds, Series SPp• option of such hot or which teverlues or athrr recenpus It's
t(mher 1, 19u9", and bearing �maturr at IeASI ten ays prior to .Il+' AV1111nhle for the purpose.
Rand No.—. t the date or dates i which the IV Itevords, so lung as any of
rFacslmlte, Signature) i particular moneys . :e needed to he ionds remaln outstanding.
Municipal Treasurer (pay httctest, or Interest and grin- ''roper books or record and ru•-
z;vkllon " ethers of Bonds (pal for the Bonds or protect oust will be kept by the \111.
said I)ispohitlon of 1'roreeds. Icosts. The ohligatfnn so purchased delpality, separate and apart
A. Delivery to Purchaser%. ins an Investment of moneys In to 171 all other records and ;rl...
That +then the Bonds have been isald fund shall be deemed at all g Complete and or
duly executed and sold. the Nlu- times to he part of s;ild fund, eel entries of fill tr:utsecllons re
nicipr,l 'Treasurer shall deliver and the interest accruing tht•rcun attnt• to the Sales Tax Ile'cnu,.,
them to the lawful purchasers and any profit reahecd theiefronl ind Pledged Revenues.
C. Audits. The \lunicl
thereof on receipt of the agreed shall hr credited to the fund and polity fur.,,
purchase price. loss resulting from cuvh In- her agrees that It ++ilh +c•ilhh
B Use of Proceeds. That ex- vestment shall by charged I'.t Ixty days follimIng the close o';
rcpt as herein otherwise specific- -the fund. The Municipal Tre;,_ ash Fiscal fear, cituse an nudii,
ally provided, the proceeds do-,, surer shall present far rpdentp_ 'f Such honks and accounts to I'(,
rived from the sale of the Bundst, �tfon or sale fin the prevatling ?ade b)' n rertlfled or registered,•
shall be used and paid sutrl>' for•(; market any obligations so pit I,- ublit- accountant, shoccing the
the purpose of acquiring the chased as an investment of neon evenues and expenditures of ihrl
ect. ,) eys In the fund whenever it shall,'ales i'ax Reeaues and I1ledcc(4
C, Construction. That except nsl• he neceaary hr do so In order to te'enues• The \luhicipaitt)'
herein other wise provided, the()I provide moneys to meet ant• prsv_ $tees to furnish fnl•thulth it copy
proceeds derived from the sale oft,; went or transfer from such fund. C chVh of such audits and re..
the Bonds shall be deposited I Section 10. Firsl ),Ire „n 'orts to the I'urcha:vrs. Inv Such
promptly upon the receipt there- Pledged Revenues. That the hands (older shall have the right to (I I.;
of Into it separate account. which constitute an Irreyorable and first ass, with the Accountant or {a r-
shalt be used sold)' for the Prp,f iy llen rout not necessarily an (•s_ on Inn In the audit. Jhe report
pct, except that after the Projek-t rluslcely first liens nn tilt ,sk the i"ntrrad thereof and I
Is completed, all money remaining; Pledged Revenues. ak for such addltlohnl htfnrma.
in the said account. If any, MIMIC I Section I1. Additional Bond% or 1011 as he nlAV r,,r,• ,,,,.
be credited to the Bond Fund, orrl Other Obligations. Itul�' pstendlnR Intet ran.,
held for future rnnstt fiction as i.41 L(ntitat)ons Upon issuance 1nrots. in order rto prevent r,nna t;t.
determined by the MunlrJpallt>. of Porit+ Ohllgtttiori That troth: g(•rnmaltlinn t`
D. Accrued Lttnrrst and Trent-t1 Inc In till, nrdinahre ronininrn ell""'
lam. That upon tilt, sale of the+ shall be construed In Such a man- t' , 1
Rands Interest m�inies received
deposited iav-� ner ac to prevent the rscuanve h�• c 111ct;,1 [ ttu,e lw1 uu' ;'•+:
into the Bond Fund. to apli (in blonds,fortrothaer %obligationsltl"ral a11 ti of it"% ioup(,rts t- elnim p'r
the payment of Interest nest (lire I able from the Fledged Rc+'enui•s fnl"'^t '( Ih„I•IclIldilf" 1'I
dlt•ert l;:
on fhe t urt-ha%ers Not itebpunsl-! revenues
anti tontlag Parfitr' u fib said
but be fill par l; lu or uplhuch e'x
Ill(,. That the Purchasers of the, not prior nor superior tn. the 'ten- arrangement for any
Bonds shall in no manner he re of the Bonds herein attthnrlied, tension nr to.the pu11,'st of keep•
sponsfhlc fur the ;tpplll atlnn oft nor to prevent the issuance of Ing alive any' of a said cnullotis;
disposal by the Munlclpallty or• bonds or other obligations refugqd- and In case t le iIn for �r.U'm'nt
by Its officers of the funds de- In.; all or a part of the botfds 0f rosy such rmU''ttc slI" �l�ta
rived from the sale thereof or on herrin authorized, provided, host•- 11ry1P1ililnr`tsttstal'II"'nl` f -,ir:ulel'`'
acct• other funds herein deslgnat-' ever, that before any such apddl- surd extrnslon ^r
rd l;onAl panty bonds nr other ari- oiler
ty nhhgatIons are Issued. 'ment shell not be "r to I V tr«i
t'1) Tne MumripaI11ty 1% not, anti u( default herrund•.r•41., tba t�,,,•r•,
has not been, In default as to an)' I
'then outstanding And of matured
interest on such Bonds the pad- Its oblig+ttions hereunder, (n'
meat of Which has not been ex., D. nrfuult of any t rovl%lon. 11
tended. the A1unlrlpaNty shall make (ir•
E. Performing Lutirv, The 3N. fault 1n the due and punclui+l 11111-
ltclpalfty will faithfully and punc• j formance of Its cnyenants or ran•
lua)ly perform all diltles with ditions, a::l•eements and Ino-
respect to the Project and lh! visions contained in the Bonds or
Bonds required 'ty the Constitu. In this ordinance un its part U'
lion rind Lacs of the State of he performed, and If such de-I
New Nlexlvo and the orcfln:ulre. fault shall rontf„ue for slit} days.
wid resolutions of the \Iunirlpal(• after wrltten notice speclfyut.
ty, Including hill not limited to such default and requiring the
the proper segr(•gatiutl or the same to be remedled shall hay”
Pledged Iteyehues and their- AU- been given to the Ntuniripa I1ty h�'
pileation to the respective funds•. the holders of twenty-rice I I'-I
F. Other Liens. Other- than as cent in prinrlpni Amount of the'
provided by tills ordin(uIce. there Bonds tile,, outstanding,
Are no liens ur, encumbrances u: Section 16. 1Snforeerrumt. That
any nature whatsoever on or any holder of Any one or ,,lore of
against the Pledged Revenues. said bonds or Any of the coupons,
G. Hunfcipality's iSxlsteaee, representing Interest thereon.
The ,l[unlclppalit)l will maintain Its ma}'. either b> I:+w' or to equit�,l
cor+orate ldentity an(1 existence by suit, action, mandamus or oth•
so �ong as Any of the Bonds here- er appropriate proceedings In anyl
In authorized remain outstand- court of competent Jurisdiction,
ing, unless another• political sub- protect the ile,, created by till"I
division by operation of law suc- ordinance oil the income hereby
ceeds to the duties, riylleges, pledged, and may by suit. action.
powers, Ilablittles, disabilities, Im• mandamus or other appruprlaty
munitles and rights of the 111u• proceedings enforce and compel,
nlclpallty and Is obligated by la(y the performance of any duty Im•+
to receive And distribute the Posed upon said Niwlklpnllty h)
Pledged Revenues In place of the the provisions of this ordinance.
Municipality, without affecting tu; Section 17. Separability. That If
Any substantial degree to the prIv- any section, paragraph, clause or
tleges and rights or Any holder provision shall be held to be tit-
of any outstanding bonds. valid or unenforceable, the Inval-
H. impairment of Contract. The Idlty or unenforceahility of such
Municl,allty agrees, that any IA%% section, paragraph, clause or pro*
or ordinance or resolution of the vistons shall not Affect any of the
Municipality In Any manner af•I remaining provisions of this ordl-,
feeling the Pledged Revenues of nance•
the Bonds, or otherwise appert iln• Section 18. itepealer Ciausr•
Ing thereto shall not be repealed That all ordinances or uu•ts or
ur otherwise directly or indirectly ordinances Inconsistent herewith
i;modifled, In such A manner as are hereby repealed to the ex-
to impair adversely any bonds tent only Of such inconsistency.
—outstanding, unless such Bonds) This repealer shall not be con-
p have been discharged in full or strued to revive any ordinance ca'
provisions have been fully made part of Any ordinance heretofore
.1 therefor. repealed.
Section 13. Defensance. That Section 19. 'Amendment. That
]when all principal told Interest In this ordinance may be amended
connectJorl n•lth the Bonds hereby ur supplemented b}• ordinance
�authorized have been duly paid, Adopted by the Govr•rhing Body
,the pledge and I1rn and all of). + In accnrttance with the laws of
ligatlons hereunder shall thereby the State of New Slexico, without
l'be discharged and the Bonds shall receipt by the Nlunicipality of any
no longer be deemed to be out- additional consideration but the
1 standing within the meaning of written consent of the holders of
this ordinance. There shall be seventy-five per centum (75�, ) Of
deemed to be such- due payment the Bonds authorized by this or-
i;tyhen the Governing Body has dillAnce and outstanding At iIle
Placed In escrow and in trust a•tth tine of the Adoption of su('lt
ra commercial bank located n'tth- amendatory or supplemental 01•di-j
in or without the State of Ne1y nanre: provided, however, that
(•Mexien And exercising trust poly no such ordinance shall have IN
tiers, an amount sufficient (Includ- effect of permitting:
trig the known minimum yield (1) an extension of the matut•
from Federal Securities in which Itv of any bond authorized by this
such amount may he Initially in- ordinance; or
Vested) to meet All requirements ('1t a reduction in the Pri"CiPal
of principal and Interest, As the amount of Any bond, the rate of
same become due to their final (•,t^rcpt thereon, or the irlor re-;
maturitles. The Federal Securlues demption premium payable there-
hall become due prior to the re. o,'
,pectiye times on %vhlch the pro- (:it the creation of A Ile" urrrt+
Beds Thereof shall be needed, to, or pledge or revenues rankuI
+ccordance ulth A schedule es• prior to the lien or pledge cr'e•
abllshed and agreed upon be- ated by this ol'dfnanc•e; or
Itionween the Governing Body and (d) a reduction Of the principauch bank at the time of tine cre- amount of bnnds rr(uired for rtion of the escrow or the Fed- consent to such amen(ilatory or
ral Securities shall be subject to supplemental o1'dinalic•e: or
he redemption tit the option of of the establishment Of rior•
he holders thereof to assure such tiles as between hands issucrl Anil;
yallability As so needed to meet outstanding tinder the provisions
urh srhe(fu)e. Federal Securities of this Ordinance: or
yuhin the meaning of this sec• (6) the modification of or'
shall Include only direct oil. otherwise Affecting the rights oil
ligatlons or, Or obligations the -the holders of less than all of;
principal and interest of which the bonds then outstanding. I
are uncondItlonally guaranteed by, Section 2o, ordinance Irrepeul-I
the United States of America. Inlrlr. Tint after. Any or the bonds
Sectinn I.I. neirgate(1 Ponvrrs. herein Authorized Are issued. %hill
1That the officers of the Monier- Iurdinance shrill be And remain fry
polity Ile. and they hereby are, rc renlnhle until the bonds and Ill
authorized and directed to take teresl thereon shall he fully paid.
all action necessary or appro• ancelled and discharged as here•I
:PrIate[ lnciu�ln vq�ith5 ectfclne21• AffertIve Date. Tltl%
j out limiting the generality gof the �rd,•nanc•e shall be recorded In
tforegoing, the printing of said
:he hook of ordhucncrs Of the '"u-
Bonds and the execution of such nu•Iplility kept for that 1)111'lrosc,
i ithentlented by the signatures (if
certificate as may be rquired by [he yinyor and N1un1c1IN11 e'lelk
the Purchasers, and the ordinance In Its entircl)'
Section 15. Events of Default' shall be pubilshed in the Ta(!<1
That each of the following events News a nelyspaper whlrh maln•I
.,Is hereby declared an --event ,tf l twins atn office fn and Is Of i_ener,ill
default": .1rculntion In the Munlclpalitc• inn
A. Nonpaymrnt of i•rinclpnl. Ifl arrordanve with law, and s:uil ni-
I payment of the princ•lpal of Ally (llnance shall he in full force t:'i'l l
of the Bonds herein authorized to effect flye clays After such putil(•I
i be Issued shall not be made when (y+tlOn' SIGNl.1)'
the elthcr1CatmmAiui 1t�and 1i,i'i} ►'•v`SI'D, ADOP1'1:D.
proceedings for prior redemption, AND APPROVED tills 19tH_dal' of
August. 19ti9.
or otherwise, or Rutnaldo Garcia
B. Nonpayinent of interest. 1f %layor
payment of Any installment of In• (S1:ALt
terest shall not be made when the; CSFA I
sulnr becomes clue and payable m' Carolyn it. Parr
with:,, thirty days thereafter; or Mullt(•Ip111 (Aleck
C. Incapablp to Perform. If the ,Legal No. 993, ruh Atlg.
llunlclpallle shall for any reason lyt;ai• i
be rendered Incapable of fulfill
Its ohligations hereunder, or
(a i "19F9 Bonds" means the
r,,:•.'n of Taos Sales Tax Revenue ii
N ds, tierces. September 1, 1969,•• 61TED STATES OF AAIJERICA
tvh4.•h are herein authorized. STATE OF NEW 3IEXICO
rill "Tarn", "7tlunicipal" or COUNTY OF TAOS
"Muntripaflty" means the munlel- TOWN OF TAOS
pal corpurutilln and body corpor- FALER TAX REVV.%UE BONDS'
+te' :+not ``nflitic k inwn as ^,c SERIES SEPTE31DER: 1, 10611
Town of Thos, Taus County, \e4, No,-- $5,000.00
.Iee1,0. I The Town of Taos, In the Coun-
I c.•I "Sales, Tax Revenues" ty of Taos and State of New Mexl- r
means the amount received h) co. for value received, hereby
'the municipality under Chapter +promises to pay upon presents-I
1147 of the 15169 Lnls's of the Stato f tlon and surrender of this bond,] }
of New Mexico. being an amount to the bearer hereof, solely from
eauat to If: of the taxable grass the special fund provided therefor
receipts reported for the munfrl- as hereinafter set forth, on the)
P-117%and being paid from reven- first day of September, 19—the
des collected by the State of New Principal sum of
Mexico under the provisions of FIVE THOUSAND DOLLARS i
Section 72-15-1 through 7.45.31, and to pay solely from said sile-`
NAf..S-A., 1933 Comp. Iciai fond interest thereon at the
1)11 •'114�'ItIR Agent^ manna mite of seven per centlim (7%1
the Orttee of the Treasurer of the per annum, evidenced until ma-
Town of Taos, Taos, New Mexico• turlly by one set of r 4.0 to 1
I1 "Purehnsers" means Stern coup ors III).
.@ Co., Albuquerque, Ne'x Il)et'talnfns; hereto, being payable
tic fell on the first day of March, .1970,
t f a "pledeeci Revenues" means find semiannually thereafter on
the xrnn«nl of the Bross Ror•dpts 'the first days hf, \iarch and Sep-
T:IN ItetenaeS, Which is remitter) temper 111 each year. upon pres-
utonihfv h}' the Bureau of Umen. entation and surrender of the an-
1Iv t„ the \iunirlpall1% Pursuant - nexed coupons its they severalty
I,, Serilo11 7'_-1:1-24, ti.\t. .A., its herftme• dot•. If upon plrsentatlon
.mended. 1 at maturil}', iiavtneht or this bold,
I;;1 '•Prn)ect" menns nrquir-' Is not rnadr• ac herein pro%.1drd.
A!Ig land and hufldlngs, construct-j " "'''"•mot shall r,n,lloue at the Tale
remudrling and furnishing fa- "f set'en per I VilIMn 17 ;I per
(Illties For the rolluwing: 'Munlcl- +ovum until the prinvival hereo,'
trill offices, recreation and (,oil)- IS Wild In full. Helth in-in(Ilial and
lnurity center, bath house and Interest are parable in facl'ful
ime, n,,I)se. htoner of the Llnttett States of
F„ ton 2. Ratification. That all Ainerlea %ilthout dedu('tlon for ex-
act heretofore taken toot In- change or
collection charges at!
Cow 'ent with the provisions of the office or the Treasurer 1)r4
th,; rdlnanre) b' the Governing the To,cn of Taos, Taos, Nely
1 \ieslrn.
Bo P, •,lid officers of the �lunicl- _
pail directed totyard the Prof-. Thl, aono Is (im• u4, a 1.1)es 4.,
ect. .n.d toward the authorization, 'f Iruul, Wst r,alv'l J,P,t1, r
sale and issuance of.the' Bonds , Taus Sak's 'ra.� Itrt,v;nl, isnnrts.
to the Purchasers herein author- ` 'tr'h �eldvmlwr 1. J!P,;!1 'if )Ike
ized he, and the ;time hereby Is, t•v,nt. rtnrnlf d rlat. c\ •J;t it
ratified, approved and confirmed, e :umt•„ Vrl•,, re,WIIIpu,ll:,
I Section 3. Authorization of liar.• snot Ina tI)III t a it?lim rrJ
Gonda. The City shall Issue Its' he purpose it' arfvlottt'ittg tali,]
1 soot IfuHdulg. re,nstr;tetrng. ,e
negotiable, cou ion, revenue bonds luodeill,g allot rurhtsMil racliltir
Ito be deslgnecl Town of Taos f„r till, fe'll4.'tyii9 In ni,t 1
Sales Tax Revenue Bonds, Set'- I''t
fires. o'-
recreatlun ar.,l 4,,mununt!.
ties life pri 1. 1l a to the ag. renter, bath 1p,uce• :,,,4,i Innih„u.•
(regale principal amount of rats hn
ltd is ISalit 4,l Ill i'S l,i1111 t,,
lecti(I(IU.00, to hr to*priti and col- not in siric•t rP,muiiar.,r ,'.it)I II.•
lertlblr both its to prittelpal and .onstitutinn find 1-aft, or the State
Interest solely from the Pledged 11 ";"%\ \Irsicn. 'i'hls hand dt,e•
Revenues. Tfiat the bonds shall. „t constitute an Thl., horitt of
be dated as of the first clay of rile Torn within Ili me•+min of
September, 19119, shall vonsfst of 6tie Ti PwIllilliunal ut ;thwaning (if
{46 bonds In the denominntlon of i
1X5,000.00 each, numbered consec•++ ylcl4.n or tlmfiation, shall lint he
?utively from 1 to 46, Inclusive, mnsldered or held t„ be a gels.
shall bear interest from date ute- oral obHgatlon of the Totvn• Milt
(tll malurity at the rates herein• is pktyaule and colle4,lible soles}
after designated as evidenrT(I hF rr4.nl the proceeds of a 1'(11114.11 of
one set of interest coupons lit- the gross receipts tai equal t,
jtached thereto, payable on the lute per rent ,1', 1 fm the "'cos.
I first day of Uarch, 1970, and i'et'rlpts or all retail businesses
semiannually nnally theirafter on tine )'-tui ,erylceS rithm the To„I
first day of 'rnrrh and Septem• Ils'lth eertaln tlferlfled c\emptinn>
her in each ye+u•. and shall he 'r and (eductions. +•,)1:4,11 is it•viell
numbered and mature serially„ by the Stale and nhj,h proceeds
without option hf prior redemp-',l are renlitletl month!} to the
ltlon on the first day of Septem•;nj by the State %f \rte llesiro par.
tier- In ear)) of the years herein-'o, suant to Se moil 7:-];i=J•!, \4,r
latter designated, ns folio%•%: 11ex1eo Statutes Annotated, 19:13
INTEREST ill Compilation, allot all tails amcrtfl.
A310USTS 31AT1-ItiTV it. W.'ly story thereof and supplemental
S111,000 September 1. 1970 71i .o. thereto rsatd ren)ltianc'es to the
311I,1`910 Seplenll,e•r 1, 1!x71 7,,aa Town being referred to In the
S15,00f1 septemhrr 1. 15172 74,,1 bonds its the "Pledged rtesen-
S15.hnn September 1, 1973 7,,c, des"); and the holder hel-eof may
$15,ouo September 1, 1974 7ti 4,a not look to any general or other
.1115.000 Septerber 1. 1975 7,all fund for the Payment of the III ln-
gl5,uoo Seplernber 1. 1976 71 d elpal of and nterest on this obU-
X�Orlon September 1, 1977 7~,:11 gallon. except the special fund
S"o,oflu September 1, 1974 7, pledged inerefor. Pi+ymrnt of tilts
S10,aon September 1, 1979 44, bond and the interest thereon
$^5,000 Septeinher 1. 19N0 7q shall Ile matte Sorely' from. hold
5'5,000 Septemix•r 1, 1951 7''i as security ror such pa�men•
f13,01 J 0 Fepteunber 1, 198'_ 7, i' there is Wedged, pursuant to or
+both Wrinclpul and interest being o dlntince \o. .555-A, a special tune
payable in Ireful money of the s Irlentifc'd as the "I"1\11 of Tio.•
I'nitrd St:+tes of Amcrira, wIth• s ',ales Tai Relenue Bonds, Scr)cs
Iuul dwhu•I.loll I'll ey,nintge m• cot-Pal 'eptemher 1, 19t;9, Interest turd
lrrtb t chnri;ec, III the Paying
Blind P.rthrment Fund into
Agent. Lt the event 'illy of theju which the Torh runvenants to
bonds shall nol he paid tit mnturt-1.1 pay from the f'ledge'd Revenues
t> upon Prrseht;rt)on, said Hnnds)L sums surflt•lent to pay tyhen due
sh;il! thervallr•r vontUnle to draret the prinelpal of and the interest
nn the bonds. rirrs•rnnrr Is Jnatle
Interest at the rate i seven per- to ,a)d ordinance for a descrip•
rentum 17'e per %I I'ln until their tln)l of said fund and the nature
I prlel'tlo t.1.N Is pall 111 full.: and extent of the securlly afford-
1) Pit 4. Negotiability, Th tt 1) Pd thereln• tor• the )at
subject to the 101m.1Slnits speciflr-ft the ,rincl'fnl and the eInorest urn
hHy made or n,v•essarily Intellect the IPondni The bonds rare c
herein, the Hands :Pilot 4,ouponS': qulta-
It l,rrtnintng therein shall b4, fulh''' lily acrd ratably scouted by a
{1 ilea art the III(", Psreetturs.
negotlahle, and shrill hate all the J Additional obligations, sublert to
•qualities of llegotlable paper and ry«stgnatrd cn::rhons may he Is
.the holder or holders thereof shall t hued and made a•
pusaess alt rights enjoyed by the P gable fro'
11.1derS lit-911t tar,le tit.)4,u 11WIll.1 ,It,' '
e4,
it,( pr,-%kior., of the Cntfnt'rtt
IC'emmerrti+l (",df That the pond;
chill! hr signed aritt (Nertited In
,tl•• natty 14 the "1nnirtpaMy ht
(the stt;nature of ih,• Vlavor the
rnfU'gat,• ,(,ti+ n' tar 1Ilillklphlt-
ty Shat he nfrim'd en each Rand:
Ienrh Bond shat' h, ,ounterSiched
I,\- the %lunhvpai Treasurer: ant
el,rli Bond shall he signed by the
Clerk of the ',0111.W'ipality. 'roc
;Interest coupons thereto attached
shrill bear the facsimile of tile',
si(natuee of the Munp•Ipal Trea-
hsurer. tc hla h of fn4,er shall adore I
as and for his slznature the inc-
slmlle thereof appearing oil sit d
roupons. The bonds and coupons
hearing the signatures of the offl-i
f•ers In orfire at the time of the)
sfgning thereof shall be the valid%
and binding obilRatlons of the Mu
nicipality, notwithstanding that
before the delivery thereof and
payment therefor, any or all of
the persons whose slgnatures ap-
pear thereon shall have ceased to
fill their respective offices.
Section 5. 81wetal Oblitratlon.
That all or the Bonds, together
with the Interest necrulniz there-
on. shall be payable and coHeetl-
ltde aolely out or the Pledged Rev-
enues, w'hlrh are Irreencably so
the holder o holders
1plelged;Ihereof may not look to au gen-
eral or other fund for the Why•'
Went of principal and lnteresl on+
such obllr:ations, exretit the drab
mated aperial funds pledged there-
for. the Bonds shall not eon•,
stitute tin indebtedness nor n de•ht
Iu•fthln the meaning 4.f any e0n
lstltutfonul or statutory provtsl ,o
or limitation; nor small the' be l
considered or held to he general,
obligations of the 'Municl tality;
and each of the bonds hereXn au-+
thorIzed to be issued shall rerite
on its face that it is payable and
collectible soley from the Pledged
Revenues, the income form
which Is so pledged and that the
any general or other fund for the
holders thereof may not look to
payment of principal and interest
on the Bonds.
Section 6. Bond and Coupon
Form. That the Bonds and the
coupons thereto attached shall be f
111 substantially the following
form•
STATE OF NEW MEXICO )
COUNTY OF TAOS ) ss I
TOWN OF TA OS
v
• I
The Board of Trustees of the Towil of Taos, in the County of
Taos, State of New Mexico, met in session in full conformity with law
and the ordinances and rules of, said Town on Tuesday ,
the l9th day of August at the hour of 7:30
o'clock P M, at Town Hall at which meeting
there were present and answering the roll, call the following, constitut-
ing a quorum:
Present: Mayor: Rumaldo Garcia
Trustees:. . J. B. Martinez
Martin Vargas
Mrs. Lucille Pond
Absent: Mrs. Tessie Oakeley
constituting all the members of said Board.
Thereupon, Trustee Pond introduced and there was
read in full, the following Ordinance:
,c�a ten days prior to the date or dates on which the particular moneys
to pay interest, or interest and principal for the Bonds or
Th,� obligation so purchased as an investment of moneys
:L::d shc,:11 i0c domed at all times to be part of said fund, and
acc uin' t;:orcon and any profit realized therefrom shall
to the fund and and loss resulting from such investment
:o the fund. The Municip<,1 Treasurer shall present
or sale on the prevailing market any obligations so
s an investment of moneys in the fund whenever it shall be
to do so in order to provide moneys to Meet any payment or
such fund.
S,,ction 1.0. First Lien on Pledged Revenues. That the bonds
co jtaut: an irrevocable and first lien (but not necessarily an exclusively
on the Pledged Revenues.
Section !I. Additional Bonds or Other Obligations.
()')i1::: :irations Upon Issuance of Parity Obligations. That nothing
: "_' orci:i:u nce contained shall be construed in such a manner as to pre-
t:` issuance by the Municipality of additional bonds or other obliga-
ie fro,:: rl e Pledged Revenues and constituting a lien upon said
011 a 21kriry with but not prior nor sup prior to, the lien of the
` kr: ;n -I"thorized, nor to prevent the issuance of bonds or other
:efunding all or a part of the bands herein authorized, provided,
tizat before any such additional parity bonds or other parity
6 7 a17L: 1SSLicd. '
(1) The Municipality is not, and has not been, in default
s 13 ny payments required tc• be made by Section 8 hereof and
12
Trustee Vargas then moved that said ordinance be
passed and adopted as read. Trustee Pond seconded the
ion. The question being on the passage and adoption of said ordinance,
the; roll was called with the following results:
Those voting AYE:
J. B. Martinez
Martin Vargas
Mrs. Lucille Pond
Those voting NAY: None
The presiding officer thereupon declared that at least three-
fourths of all of the Trustees having voted in favor thereof, the said
;,notion was carried and the said ordinance duly passed and adopted.
After the consideration by the Commission of other business
u=nrelated to the Town of Taos Sales Tax Revenue Bonds, Series September
1, 1969, the meeting was, on notion duly made, seconded and unanimously
carried, adjourned.
Mayor
(SEAL)
ATTEST:
:V?u;.icipal erk
20
STATE OF NEW MEXICO )
COUNTY OF TAOS ) ss:
TOWN OF TAOS )
Each of the undersigned, being first duly sworn on oath deposes
and says:
1. That they arc, respectively, the Mayor, Clerk and Treasurer
of the Town of Taos, Taos County, New Mexico.
2. That the Town of Taos, New Mexico was duly incorporated
under the laws of the State of New Mexico, in the year 1934, that there
is no litigation th-1eatened or pending concerning the validity of such
incorporation or the right of any of the officers of said Town to hold
his respective position,
3, That from the 14 day of 1969 up to and
including the date of this Affidavit, the following have beer and now are
the duly elected or appointed officers of said Town, to-wit:
Mayor: Rumaido Garcia
Trustees: ). B. Martinez
Martin Vargas
Mrs. Lucille Pond
Mrs. Tessie Oakeley
i
? Clerk: Carolyn R. Parr
Treasurer: Carolyn R. Parr
4. That `he gross revenues derived from the municipal sale's
tax of said Town for the last fiscal year were $
5. That there are no liens or encumbrances of :. rind or nature
,-gainst the revenues to be derived from the municipal sales tax except
24
Sales.Tax Revenue Bonds, Series September 1, 1969, in the principal
amount of $230, 000. 00.
6. That there is no litigation threatened or pending relating in
any way to the validity of said Sales Tax Revenue Bonds, Series September
1, 1969, or any of their, or the right of the Town to construct, remodel
and equip•the following:
Municipal offices, recreation and community center,
bathhouse and poolhouses, or to collect revenues out of which
said bonds and the interest thereon shall be paid, nor has any petition been
filed to secure a referendum of the ordinance: authorizing said bonds.
f kj
Mayor
C rk
� M
-casurer
(SEAL)
Subscribed and separately sworn to before me thisav day of
1969.
Notary P •c
My commission expires:
J
25
SIGNATURE CERTIFICATE
I, the undersigned Assistant Vice President of the
First State Bank, of Taos New Mexico
New Mexico, do hereby certify that I am personally acquainted with
Rumaldo Garcia, Mayor and Carolyn R. Parr, Clerk and Treasurer of
the Town of Taos, New Mexico; that I know the above mentioned officers
held their respective positio:is on the date of the execution and delivery
of that certain; issue of Sales Tax Revcnuo Bonds, dated September 1,
1969, of the Town of Taos, Now Mcxico, consisting of 46 bonds in the
denomination of $5, 000. 00 each, numbered. l to 46, inclusive, and
mate -ing serially on the lst day of September, in the years 1970 to 1982,
inclusive.
I furd-or certify that I am acquainted w?tli the signatures of said
officials and know that the signatures appearing on said bonds are the
signatures of said officials, respectively and that said officials have to
this certificate subscribed their respective signatures as follows:
Mayor
Clerk
Treasurer'
(S E A L)
Signed and certified this ,x'jc day of 1969.
Assistant Vice President Of
First State Balk
(BANK SELL) of Taos New Mexico
26 V
STATE Or NEW MEXICO )
COUNTY Or TA OS ) ss:
TOWN OF TA OS )
It is hereby certified by the undersigned, the duly qualified and
acting Treasurer of the Town of Taos, New Mexico, that on the jl)f day
of 1969, said Town ti;elivered to Stern Brothers & Co. ,
its Sales Tax Revenue Bonds, dated September 1, 1969, in the principal
amount of $230, 000. 00 consisting of 46 bonds in the denomination of
$6, 000. 00 each, and said Town .acknowledges receipt of the agreed
purchase price, a sum not less than the par value of said bonds and
accrued interest thereon as follows:
Principal $230, 000. 00
Accrued Interest
Premium NONE
Total ��;a (9
IN WITNESS WHEREOF, he has hereunto set his hand at Taos
New Mexico this 4day of — 1969.
reas ur
(S E A L)
27